You only need certification if you want to claim some certain title. There are tons of investment services all over the net. You think the people running them are all registered and certified? Not a chance.

You only need certification if you want to claim some certain title. There are tons of investment services all over the net. You think the people running them are all registered and certified? Not a chance.

You must not have gotten to your logic class yet. Just b/c someone does something, or a group of people does it, or even a majority, doesn't validate it as "right."

There's a difference between being a financial advisor and an investment advisor. While there is a lot of overlap, anyone offering specific investment advice needs to be registered with the appropriate governing agency. I'm sure you know this, but are downplaying your responsibility of needing to be registered with the state which your "business" is housed.

BTW, who's Patrick and what does he do out there in Lake Hills, CA?

_________________Bichon Frise

"If you only have 1 year to live, move to Penn...as it will seem like an eternity."

You only need certification if you want to claim some certain title. There are tons of investment services all over the net. You think the people running them are all registered and certified? Not a chance.

Matthew, do you pay income taxes on the money you charge people? Do you have a business license and charge any local taxes on products/services?

Where are you located? (We'll need that for our simulation contest anyway)

You only need certification if you want to claim some certain title. There are tons of investment services all over the net. You think the people running them are all registered and certified? Not a chance.

From the sec.gov website

Quote:

Investment Advisers Act of 1940

This law regulates investment advisers. With certain exceptions, this Act requires that firms or sole practitioners compensated for advising others about securities investments must register with the SEC and conform to regulations designed to protect investors. Since the Act was amended in 1996 and 2010, generally only advisers who have at least $100 million of assets under management or advise a registered investment company must register with the Commission. The full text of this Act is available at: http://www.sec.gov/about/laws/iaa40.pdf.

I work with Scottrade as an investment advisor since they provide the lowest cost to my clients and usually have physical locations close to where you live. I would recommend the stock market as well. I believe with the amount of money you have to invest you could even invest in a hedge fund, you might need to double check that but hedge funds are investment funds run by some of the brightest minds on wall street. I have had internships at a few and recently found a rankings website for hedge funds, its not a bad place to look. If you are interested you can email me

"Hedge funds have trailed both the Standard & Poor’s 500 Index and a Vanguard index fund with the same 60/40 mix over the past five years, according to data compiled by Bloomberg. The balanced fund beat the main Bloomberg hedge-fund index in six of the last seven calendar years, according to data compiled by Bloomberg."

"Hedge funds have trailed both the Standard & Poor’s 500 Index and a Vanguard index fund with the same 60/40 mix over the past five years, according to data compiled by Bloomberg. The balanced fund beat the main Bloomberg hedge-fund index in six of the last seven calendar years, according to data compiled by Bloomberg."

How can you even begin to argue with such great hedge fund successes as Long Term Capital Management, Amaranth Advisors, Bailey Coates Cromwell Fund, Marin Capital, Aman Capital, and Tiger Funds? Google them and you'll learn all you want to know!

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